Normally on Social Business we feature businesses with a clear business model -- and by business, usually that means profit -- however, Akhand Jyoti Eye Hospital (AJEH) is an example of a middle ground so to speak. In an article called "Out of London and New York" in the Spring 2013 of the Stanford Social Innovation Review, writer Manju Mary George discusses different ways to make social impact through innovation.
George touches on AJEH, which is a hospital that works to eradicate blindness in Bihar, India. More specifically, she questions the relationship between impact investors and philanthropy and ways to disrupt the current models that lack capital.
Contact Information
Akhand Jyoti Eye Hospital (AJEH) website
AJEH on Facebook
AJEH on Twitter
Localized Impact Investing
Akhand Jyoti Eye Hospital Provides Surgeries to Eradicate Blindness
Trend Themes
1. Impact Investing - Opportunities for disruptive innovation in impact investing to revolutionize the relationship between philanthropy and capital.
2. Social Innovation - Opportunities for disruptive innovation in social innovation models to address capital shortages in sectors like healthcare.
3. Blindness Eradication - Opportunities for disruptive innovation in blindness eradication through sustainable healthcare models.
Industry Implications
1. Healthcare - Innovative healthcare models can address the capital shortages that hamper blindness eradication efforts.
2. Pharmaceuticals - Pharmaceutical companies can support sustainable healthcare models as a part of their CSR initiative to eradicate blindness.
3. Impact Investing Firms - Impact investing firms can provide funding to innovative social entrepreneurship models like AJEH to revolutionize capital flow in philanthropy.